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Procaps Group SA (NASDAQ: PROC) delivers essential updates through this comprehensive news hub for investors and healthcare industry stakeholders. Access verified press releases and objective reporting on the company's pharmaceutical innovations, nutraceutical developments, and global market expansions.
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Discover official communications about OTC product updates, prescription drug approvals, and clinical solution developments. Our curated news collection enables efficient monitoring of PROC's operational performance while maintaining strict compliance with financial disclosure standards.
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Procaps Group (NASDAQ: PROC) has announced a delay in filing its Annual Report on Form 20-F for the fiscal year ending December 31, 2023. The delay is due to the need for additional time to review financial statements, which involves an ongoing internal investigation by the Audit Committee into historical accounting treatments related to a 2012 loan of approximately $2.5 million involving related parties.
The company will not meet the deadline of May 15, 2024, but is working to file the report as soon as possible. A conference call will be held shortly after the filing and earnings release to provide further updates.
Procaps Group (NASDAQ: PROC) has announced a delay in filing its Annual Report on Form 20-F for the fiscal year ended December 31, 2023, due to the need for additional time to review its financial statements related to a 2012 loan. The company expects to file the report before May 15, 2024, and will provide updates accordingly. Despite the delay, Procaps Group anticipates revenue and income growth for the year 2023 compared to 2022.
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